Mathematics · Compound Interest

If interest is compounded annually, what sum will amount to Rs. 9464 in 2 years at the rate of 30 percent per annum at compound interest?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 5750
2Rs. 6800
3Rs. 5400
4Rs. 5600✓

Correct answer

Rs. 5600

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If interest is compounded annually, what sum will amount to Rs. 9464 in 2 years at the rate of 30 percent per annum at compound interest?

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If interest is compounded annually, what sum will amount to Rs. 9464 in 2 years at the rate of 30 percent per annum at compound interest?

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